Belgian Post eyes Greek express company
Belgian Post is close to buying the express business of the Greek post office, according to newspaper reports.
The Belgian national postal operator is heading a consortium also comprising financial investors that would buy Tachimetafores, the express courier subsidiary of the Greek post office ELTA, the Belgian publication Trends-Tendances reported.
Citing Greek media, the publication wrote that Belgian Post was the final remaining bidder following the withdrawal of Deutsche Post and a dozen originally interested parties. A deal could be sealed within two months, it said.
Tachimetafores has revenues of EUR 30 million, and expects to make a small profit of EUR 700,000, this year, according to the report. The sale is part of the search for a “strategic partner” for ELTA ahead of postal liberalisation, which is scheduled in Greece for 2013.
A Belgian Post spokesman declined to make any comment on the topic, the publication added.
Belgian Post is close to buying the express business of the Greek post office, according to newspaper reports.
The Belgian national postal operator is heading a consortium also comprising financial investors that would buy Tachimetafores, the express courier subsidiary of the Greek post office ELTA, the Belgian publication Trends-Tendances reported.
Citing Greek media, the publication wrote that Belgian Post was the final remaining bidder following the withdrawal of Deutsche Post and a dozen originally interested parties. A deal could be sealed within two months, it said.
Tachimetafores has revenues of EUR 30 million, and expects to make a small profit of EUR 700,000, this year, according to the report. The sale is part of the search for a “strategic partner” for ELTA ahead of postal liberalisation, which is scheduled in Greece for 2013.
A Belgian Post spokesman declined to make any comment on the topic, the publication added.
